NextEra Energy Inc (NYSE:NEE) Director James L. Robo sold 18,000 shares of the company’s stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $180.67, for a total transaction of $3,252,060.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of NYSE NEE traded up $0.20 during midday trading on Friday, hitting $182.86. The company’s stock had a trading volume of 181,579 shares, compared to its average volume of 1,948,478. NextEra Energy Inc has a one year low of $145.10 and a one year high of $184.17. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 0.72. The firm has a market cap of $87.07 billion, a P/E ratio of 27.41, a price-to-earnings-growth ratio of 2.80 and a beta of 0.14.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.03. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. The company had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.92 billion. During the same quarter in the previous year, the firm posted $1.85 earnings per share. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. Equities analysts expect that NextEra Energy Inc will post 7.78 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be paid a dividend of $1.11 per share. The ex-dividend date is Thursday, November 29th. This represents a $4.44 annualized dividend and a yield of 2.43%. NextEra Energy’s dividend payout ratio is currently 66.27%.
A number of large investors have recently modified their holdings of the stock. Rehmann Capital Advisory Group grew its stake in NextEra Energy by 2.0% during the third quarter. Rehmann Capital Advisory Group now owns 11,132 shares of the utilities provider’s stock valued at $1,866,000 after acquiring an additional 223 shares in the last quarter. Great Lakes Advisors LLC grew its stake in NextEra Energy by 136.4% during the third quarter. Great Lakes Advisors LLC now owns 7,299 shares of the utilities provider’s stock valued at $1,223,000 after acquiring an additional 4,212 shares in the last quarter. Central Bank & Trust Co. grew its stake in NextEra Energy by 749.1% in the 3rd quarter. Central Bank & Trust Co. now owns 26,814 shares of the utilities provider’s stock worth $4,494,000 after buying an additional 23,656 shares in the last quarter. Belpointe Asset Management LLC purchased a new position in NextEra Energy in the 3rd quarter worth approximately $233,000. Finally, Vanguard Group Inc. grew its stake in NextEra Energy by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 41,214,999 shares of the utilities provider’s stock worth $6,907,634,000 after buying an additional 815,916 shares in the last quarter. 76.28% of the stock is owned by institutional investors.
A number of brokerages have issued reports on NEE. Wells Fargo & Co increased their target price on shares of NextEra Energy from $191.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 10th. Royal Bank of Canada increased their price target on shares of NextEra Energy to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, November 1st. Mizuho assumed coverage on shares of NextEra Energy in a research note on Monday, August 13th. They issued a “buy” rating and a $184.00 price objective for the company. Credit Suisse Group dropped their price objective on shares of NextEra Energy from $185.00 to $173.00 and set an “outperform” rating for the company in a research note on Wednesday, October 24th. Finally, Argus raised their price target on shares of NextEra Energy from $184.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, October 31st. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $175.00.
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NextEra Energy Company Profile
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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